Tanius Technology Adopts Rapid Addition FIX Engine

Rapid AdditionRapid Addition, the leading provider of trading technology to buy- and sell-side financial institutions, announced that Tanius Technology, a Californian algorithmic trading firm, is leveraging its FIX engine and CME feed handler products to match their increased processing needs.

Buy-side client demand for cost effective, easy to implement, solutions that deliver order Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term with predictable low latency characteristics have increased significantly in recent years. Rapid Addition provides the world's lowest latency and highest performing solution alongside first-rate API connections.

Kevin Houstoun, Chairman, Rapid Addition said: "It is significant that Tanius, a firm with exceptional internal business systems, has recognised the benefits that Rapid Addition's products can deliver in terms of reduced Slippage Slippage In financial trading, slippage refers to the difference in price between the price an order was intended or expected to be filled and the actual price an order was filled. Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. For example, in forex trading, if a trader places a trade intending to enter a buy on the EUR/USD at 1.1080, but they only get into the market at a price In financial trading, slippage refers to the difference in price between the price an order was intended or expected to be filled and the actual price an order was filled. Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. For example, in forex trading, if a trader places a trade intending to enter a buy on the EUR/USD at 1.1080, but they only get into the market at a price Read this Term against execution strategies. This illustrates that properly designed software, based on Microsoft's .Net framework, can reduce latency and eliminate the jitter that can be so expensive in today's trading environment. We look forward to working with them throughout the implementation process."

The firm's solutions enable clients to benefit from increased throughput, lower deterministic latency as well as operational flexibility, thereby providing reduced total cost of ownership and an accelerated return on investment (ROI). Its integrated and fully scalable C# and .NET software solution will keep Tanius ahead of the curve in an ever more competitive market.

Karl Schulze, Member at Tanius Technology added: "After a thorough evaluation process and having worked with many software suppliers in the past, Rapid Addition's products and people are providing us with a trading architecture that perfectly complements our algorithmic trading strategies for reliability and performance, as well as that all important quick ROI. We are now able to meet our key objectives and we too look forward to working together as and when our requirements change."